The BVI get ready for AIFMD
From 22 July 2013, new regulations will apply to alternative investment fund managers (AIFMs) actively marketing alternative investment funds (AIFs) to professional investors in the EEA, including AIFMs and AIFs, which are domiciled in the BVI. Those regulations arise under the EU’s Alternative Investment Fund Managers Directive (AIFMD).
From 22 July 2013, in accordance with the private placement marketing provisions of AIFMD, all BVI AIFMs marketing to professional investors in the EEA will have to ensure that they comply with the disclosure, reporting and (private-equity) asset stripping provisions of AIFMD (which are also, of course, applicable to all EEA-based AIFMs).
This briefing describes how the BVI has prepared in order to enable BVI AIFMs and AIFs to continue to market actively to professional investors in the EEA from 22 July 2013 as anticipated by the AIFMD pursuant to continuing national private placement regimes, where available in relevant EEA member states…
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